How did Hamilton compromise to get southerners to go along with his economic plan?
1 Answer
Sep 7, 2016
Hamilton agreed to have the capital of the United States moved to the south. The District of Columbia was formed on land between the southern states of Virginia and Maryland.
Explanation:
The Southern States opposed the idea of a National Bank which was essential to Hamilton's economic plans.
The Southern States feared that the bank would favor the economic interests of the industrialized northern states ( They were correct in this assessment.)
To get the southern states to agree to his plan Hamilton compromised allowing the capital of the union to be moved from the northern states ( first Philadelphia, the New York City)
Having the capital in the south gave the south more influence and power.
